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Updated almost 9 years ago,

User Stats

80
Posts
7
Votes
Karen Morgan
  • Wholesaler
  • Leander, TX
7
Votes |
80
Posts

Need input on 2/1 condo deal in Decatur, GA

Karen Morgan
  • Wholesaler
  • Leander, TX
Posted

Hi all - 

I'm new to biggerpockets.com and RE investing, and sure would appreciate some help regarding a real estate situation on a 2/1 condo in Decatur, GA (30035). The property is in my dad's estate and I'm in a position to accept it or let it roll to the bank. The property was purchased around 2005 for $100k, mortgage left to pay is $80k, and approximate value per a realtor is $65k. 

As a newbie, I have some obstacles here (that I look forward to overcoming!). First, This might become my first rental property, so I'm new to the analysis aspect of this. Second, I don't live in Decatur and don't know the market.

I'm specifically looking for contact with a local investor who is willing to share some knowledge to help me (quickly) navigate this property, as well as property management recommendations for that area. 

Thanks to all for any help offered!

Karen

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